Four merchant groups have filed an antitrust lawsuit against Visa , Mastercard , and dozens of major banks, over interchange fees, which retailers pay to issuing banks to receive payment for transactions involving the banks' cards. The...
Search Results for: JPMorgan
AP is reporting that a federal judge has approved settlements worth over $6 billion in civil litigation related to the WorldCom accounting fraud .1:49 PM ET - Under the deals approved by District Judge Denise Cote, several...
UAL Corporation, the parent company of United Airlines , filed its reorganization plan and disclosure statement in US bankruptcy court Wednesday, before the recently extended November 1 expiration of its exclusive ability to...
BREAKING NEWS ~ CIBC settles with Enron investors for record $2.4 billion
Canadian Imperial Bank of Commerce on Tuesday agreed to a $2.4 billion settlement over a class-action lawsuit with investors in collapsed energy giant Enron Corp. The settlement is the largest yet, beating the $2.2 billion settlement with...
JPMorgan Chase agreed Tuesday to settle with investors by paying $2.2 billion to cover claims that shareholders were misled about Enron Corportation revenue because JPMorgan hid the company's debt. The announcement follows Citigroup's decision to settle [JURIST...
JPMorgan Chase & Co. agreed to a $2 billion settlement Wednesday in order to settle claims in a class action suit brought after WorldCom's collapse. The plaintiffs, WorldCom investors, have...
Corporations and securities brief ~ Entrepreneur charged in $200 million tax evasion scheme
Leading Tuesday's corporations and securities law news, telecommunications entrepreneur Walter Anderson, Washington business executive who earned nearly a half-billion dollars through off-shore ventures, was indicted in a $200 million income tax evasion scheme. The indictment charges Anderson with engaging...
Corporations and securities brief ~ Lay, Skilling trial judge eyes summer start for trial
Leading Tuesday's corporations and securities law news, the judge in the trial of former Enron Chairman Ken Lay and ex-Chief Executive Jeff Skilling is asking defense attorneys and prosecutors for...